At Prudent Financial Planning, we specialize in advising elite professionals to achieve their financial goals, tackle debt, and build to maintain their wealth. Explore our solutions below!
We are proud to be Fee-Only Fiduciaries
Let’s take a look at what that means and how we get paid.
Fee-Only
Being fee only means that we do not sell any products or earn commissions. This removes a large conflict of interest that exists with many advisors who are paid based on sales. Here is how the National Association of Personal Financial Advisors (NAPFA) defines Fee-Only.
Fiduciary
According to the CFP® Board: At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client. For a more detailed look at the rigorous ethical standards that a CFP® must maintain click here to read the CFP® Board’s Code of Ethics and Standards of Conduct. You should compare these standards to those of all other Financial Planners you interview. Many people hold themselves out as “Financial Advisors” or “Financial Planners” but not all of them are qualified, or even allowed, to offer Financial Planning services to their clients.
Fees
How do we get paid? We charge an initial fee plus a monthly retainer based on your needs and financial complexity. The upfront fee covers the creation of your Comprehensive Financial Plan. The Comprehensive Financial Plan provides you with a snapshot of your total current Financial Health. Here is a breakdown of our Fee Schedule.
Silver Package: $200/month ($500 upfront fee) - Basic Financial Planning. Includes online financial planning client portal, monthly performance reports, cash flow planning, debt planning, student loan analysis, advisory services, includes up to five meetings to create and deliver Comprehensive Financial Plan plus up to two meetings per year for ongoing financial planning. Typical net worth <$1.0M
Gold Package: $450/month ($950 upfront fee) - Intermediate Financial Planning. Includes everything in Silver Package plus: risk tolerance assessment, employer retirement plan review and asset allocation recommendations, tax planning, and insurance analysis. Includes up to four meetings per year for ongoing financial planning. Typical net worth $1.0M - $2.5M.
Platinum Package: $700/month ($1,250 upfront fee) - Advanced Financial Planning. Includes everything in Gold Package plus: ESPP and RSU analysis, potential for tax-loss harvesting, charitable giving strategies, estate plan review, small business review. Includes up to 6 meetings per year for ongoing financial planning. Typical net worth $2.5M +